Bankroll Beats Picks

[sotelorene]

Who can relate to this?

Sometimes we don’t lose because we are bad at picking sides but we lose because we are bad at controlling our emotions.

I just want to share this from experience, there was one night where I was up big, like really lucky, and I started thinking maybe I was actually good at this. I was betting on sports and let’s say I made 10 bets, around 8 of them won. That’s like 80% win rate, so you would think I was doing good.

But the mistake came after one loss.

Instead of stopping or lowering my bet, I chased and then when that chase lost, I went all in, and of course, everything got busted.

That’s the sad part. You can win 8 out of 10 or even 8 out of 12 and still end up with nothing, just because you don’t know how to manage your bankroll and emotions. So maybe the real skill in gambling is not just picking the right side, but knowing when to stop.

indeed that was a very big mistake, whenever someone is on a winning streak they will be feeling like they are professionals and an expertise until they encounter a loss that will change the big feeling to shit! trust me it is very wrong to feel that you are too good whenever you on a winning, that feeling will make someone to gamble more because they already think it is easy and they can win again. However, sometimes it is not easy to just stop while on a winning streak but it is very necessary to realize and observe it is a temptation.

[Ever-young]

This means that a gambler lacks self control if a gambler has good self control, they will stop immediately when they decide to stop regardless of whether they are in profit or at a loss. However, knowing when to stop is very essential. To manage the urge to gamble, we should be disciplined with our gambling budget for longer time play. For example, when placing bets on sports betting we should not increase our bet size whether we win or lose, likewise, when playing slots we should be able to stop after a few spins or few dollars spent regardless of the outcome.

Managing their emotions or urges is one of the strongest weapon, as they can walk away anytime they like without being down first and the more they stick to the right plans, the more easier it will be for them to keep their emotions out of it whenever they are gambling as their bankroll lasts longer and can keep their mindset clean because, they know the importance of gambling with limit and self-control, as the game can't be in control of them and also they treat it like a game without expecting any thing in return.